San Pablo (Saint Paul) is a group is composed of 14 women coming from the town of Luque. They are all friends living in the same neighborhood, and they have come together to take part in the program of Fundación Paraguaya in order to progress in life and to help their families.
Cristina is married to Mariano, she has 2 children and she runs a small store. She has requested a loan to buy different products for her small store such as baked goods, soft drinks, sweets and yerba. Cristina’s goal is to expand her store by including more products to sell in order to offer a better service to her customers.
San Pablo es el grupo de 14 mujeres de la ciudad de Luque, son todas amigas y vecinas de esa ciudad, que se unieron con el proposito de formar parte del programa de la fundacion y de esa forma salir adelante y ayudar a sus familias.
La Sra.Cristina tiene una despensa, esta casada con el señor Mariano, tienen 2 hijos. Ella retiro el credito para la compra de productos variados para su despensa, como ser panificados, bebidas, golosinas, yerba, etc.Cristina tiene como meta ir agrandando su negocio y agregar mas productos para brindar una mejor atencion a sus clientes.
About Fundación Paraguaya
Fundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.